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Tag: borrow

la city council
Posted inGovernment

Millions of your tax dollars fund LA lawsuit awards: Deficit!

by Debbie L. SklarJanuary 18, 2017January 18, 2017

The Los Angeles City Council authorized staff to begin the process of borrowing up to $70 million to help cover the rising cost of civil lawsuit payouts, which have created a budget deficit. The city has made over $135 million in liability payouts since the fiscal year began on July 1, which is $67 million above […]

a view of the Los Angeles City Hall tower on a sunny day.
Posted inGovernment

City of Los Angeles considering borrowing $70 million to cover lawsuit payouts

by Toni McAllisterJanuary 9, 2017

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